Ratchet Effect
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Ratchet Effect
A ratchet effect is an instance of the restrained ability of human processes to be reversed once a specific thing has happened, analogous with the mechanical ratchet that holds the spring tight as a clock is wound up. It is related to the phenomena of featuritis and scope creep in the manufacture of various consumer goods, and of mission creep in military planning. In sociology, "ratchet effects refer to the tendency for central controllers to base next year's targets on last year's performance, meaning that managers who expect still to be in place in the next target period have a perverse incentive not to exceed targets even if they could easily do so". Examples Famine cycle Garrett Hardin, a biologist and environmentalist, used the phrase to describe how food aid keeps people alive who would otherwise die in a famine. They live and multiply in better times, making another bigger crisis inevitable, since the supply of food has not been increased. The ratchet effect first cam ...
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Ratchet Example
Ratchet may refer to: Devices * Ratchet (device), a mechanical device that allows movement in only one direction * Ratchet, metonomic name for a socket wrench incorporating a ratcheting device * Ratchet (instrument), a music instrument and a warning device Film and television * Ratchet (''Robots''), a character in the film ''Robots'' * Ratchet, a character in the ''Widget the World Watcher'' television series * Ratchet, a character in the ''Red Lantern Corps'' DC Comics series * Ratchet (''Transformers''), a character * Ratchet, one of the Autobot Transformers * ''Ratchet'', a 1986 thriller film by John Johnson Video games * Ratchet (''Ratchet & Clank''), a video game character * '' Ratchet: Deadlocked'', a video game Music * "Ratchet" (Bloc Party song), 2013 * ''Ratchet'' (Shamir album), 2015 * Ratchet, another name for the RnBass genre Other * Ratchet option, a financial derivative also known as cliquet option * Double Ratchet Algorithm, an algorithm for man ...
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Parrondo's Paradox
Parrondo's paradox, a paradox in game theory, has been described as: ''A combination of losing strategies becomes a winning strategy''. It is named after its creator, Juan Parrondo, who discovered the paradox in 1996. A more explanatory description is: :''There exist pairs of games, each with a higher probability of losing than winning, for which it is possible to construct a winning strategy by playing the games alternately.'' Parrondo devised the paradox in connection with his analysis of the Brownian ratchet, a thought experiment about a machine that can purportedly extract energy from random heat motions popularized by physicist Richard Feynman. However, the paradox disappears when rigorously analyzed. Winning strategies consisting of various combinations of losing strategies were explored in biology before Parrondo's paradox was published. Illustrative examples The saw-tooth example Consider an example in which there are two points A and B having the same altitude, as ...
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Tragedy Of The Commons
Tragedy (from the grc-gre, τραγῳδία, ''tragōidia'', ''tragōidia'') is a genre of drama based on human suffering and, mainly, the terrible or sorrowful events that befall a main character. Traditionally, the intention of tragedy is to invoke an accompanying catharsis, or a "pain hatawakens pleasure", for the audience. While many cultures have developed forms that provoke this paradoxical response, the term ''tragedy'' often refers to a specific tradition of drama that has played a unique and important role historically in the self-definition of Western civilization. That tradition has been multiple and discontinuous, yet the term has often been used to invoke a powerful effect of cultural identity and historical continuity—"the Greeks and the Elizabethans, in one cultural form; Hellenes and Christians, in a common activity," as Raymond Williams puts it. From its origins in the theatre of ancient Greece 2500 years ago, from which there survives only a fractio ...
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Muller's Ratchet
In evolutionary genetics, Muller's ratchet (named after Hermann Joseph Muller, by analogy with a ratchet effect) is a process through which, in the absence of recombination (especially in an asexual population), an accumulation of irreversible deleterious mutations results. (original paper as cited by, e.g.: ; ) This happens due to the fact that in the absence of recombination, and assuming reverse mutations are rare, offspring bear at least as much mutational load as their parents. Muller proposed this mechanism as one reason why sexual reproduction may be favored over asexual reproduction, as sexual organisms benefit from recombination and consequent elimination of deleterious mutations. The negative effect of accumulating irreversible deleterious mutations may not be prevalent in organisms which, while they reproduce asexually, also undergo other forms of recombination. This effect has also been observed in those regions of the genomes of sexual organisms that do not undergo ...
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OECD
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are high-income economies with a very high Human Development Index (HDI), and are regarded as developed countries. Their collective population is 1.38 billion. , the OECD member countries collectively comprised 62.2% of global nominal GDP (US$49.6 trillion) and 42.8% of global GDP ( Int$54.2 trillion) at purchasing power parity. The OECD is an official United Nations observer. In April 194 ...
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Free Trade
Free trade is a trade policy that does not restrict imports or exports. It can also be understood as the free market idea applied to international trade. In government, free trade is predominantly advocated by political parties that hold economically liberal positions, while economic nationalist and left-wing political parties generally support protectionism, the opposite of free trade. Most nations are today members of the World Trade Organization multilateral trade agreements. Free trade was best exemplified by the unilateral stance of Great Britain who reduced regulations and duties on imports and exports from the mid-nineteenth century to the 1920s. An alternative approach, of creating free trade areas between groups of countries by agreement, such as that of the European Economic Area and the Mercosur open markets, creates a protectionist barrier between that free trade area and the rest of the world. Most governments still impose some protectionist policies that are ...
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Multilateral Agreement On Investment
The Multilateral Agreement on Investment (MAI) was a draft agreement negotiated in secret between members of the Organisation for Economic Co-operation and Development (OECD) between 1995 and 1998. It sought to establish a new body of universal investment laws that would grant corporations unconditional rights to engage in financial operations around the world, without any regard to national laws and citizens' rights. The draft gave corporations a right to sue governments if national health, labor or environment legislation threatened their interests. When its draft became public in 1997, it drew widespread criticism from civil society groups and developing countries, particularly over the possibility that the agreement would make it difficult to regulate foreign investors. After an intense global campaign was waged against the MAI by the treaty's critics, the host nation France announced in October 1998 that it would not support the agreement, effectively preventing its adoption du ...
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Frequent-flyer Program
A frequent-flyer program (American English) or frequent-flyer programme (British English) is a loyalty program offered by an airline. Many airlines have frequent-flyer programs designed to encourage airline customers enrolled in the program to accumulate points (also called miles, kilometers, or segments) which may then be redeemed for air travel or other rewards. Points earned under FFPs may be based on the class of fare, distance flown on that airline or its partners, or the amount paid. There are other ways to earn points. For example, in recent years, more points have been earned by using co-branded credit and debit cards than by air travel. Another way to earn points is spending money at associated retail outlets, car hire companies, hotels, or other associated businesses. Points can be redeemed for air travel, other goods or services, or for increased benefits, such as travel class upgrades, airport lounge access, fast track access, or priority bookings. Frequent-fly ...
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Feature Creep
Feature creep is the excessive ongoing expansion or addition of new features in a product, especially in computer software, video games and consumer and business electronics. These extra features go beyond the basic function of the product and can result in software bloat and over-complication, rather than simple design. The definition of what qualifies as "feature creep" does vary among end users, where what is perceived as such by some users may be considered practical functionality by others. Causes The most common cause of feature creep is the desire to provide the consumer with a more useful or desirable product, in order to increase sales or distribution. However, once the product reaches the point at which it does everything that it is designed to do, the manufacturer is left with the choice between adding functions some users might consider unneeded (sometimes at the cost of efficiency), and sticking with the old version (at the cost of a perceived lack of improvemen ...
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Collingridge Dilemma
The Collingridge dilemma is a methodological quandary in which efforts to influence or control the further development of technology face a double-bind problem: * An information problem: impacts cannot be easily predicted until the technology is extensively developed and widely used. * A power problem: control or change is difficult when the technology has become entrenched. The idea was coined by David Collingridge, The University of Aston, Technology Policy Unit, in his 1980 book ''The Social Control of Technology''. The dilemma is a basic point of reference in technology assessment debates. In "This Explains Everything," edited by John Brockman, technology critic Evgeny Morozov explains Collingridge's idea by quoting Collingridge himself: "When change is easy, the need for it cannot be foreseen; when the need for change is apparent, change has become expensive, difficult, and time-consuming.""This Explains Everything" (Harper Perennial, 2013, p.255, ) In "The Pacing Problem, th ...
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Cultural Evolution
Cultural evolution is an evolutionary theory of social change. It follows from the definition of culture as "information capable of affecting individuals' behavior that they acquire from other members of their species through teaching, imitation and other forms of social transmission". Cultural evolution is the change of this information over time. Cultural evolution, historically also known as sociocultural evolution, was originally developed in the 19th century by anthropologists stemming from Charles Darwin's research on evolution. Today, cultural evolution has become the basis for a growing field of scientific research in the social sciences, including anthropology, economics, psychology and organizational studies. Previously, it was believed that social change resulted from biological adaptations, but anthropologists now commonly accept that social changes arise in consequence of a combination of social, evolutionary and biological influences. There have been a number of di ...
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Michael Tomasello
Michael Tomasello (born January 18, 1950) is an American developmental and comparative psychologist, as well as a linguist. He is professor of psychology at Duke University. Earning many prizes and awards from the end of the 1990s onward, he is considered one of today's most authoritative developmental and comparative psychologists. He is "one of the few scientists worldwide who is acknowledged as an expert in multiple disciplines". His "pioneering research on the origins of social cognition has led to revolutionary insights in both developmental psychology and primate cognition." Early life and education Tomasello was born in Bartow, Florida. He received his bachelor's degree 1972 from Duke University and his doctorate in Experimental Psychology 1980 from University of Georgia. Career Tomasello was a professor of psychology and anthropology at Emory University in Atlanta, Georgia, US, during the 1980s and 1990s. Subsequently, he moved to Germany to become co-director of Max Pla ...
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